DVD Catalyst 3 converts movies quickly and easily into a format that can be played on a portable device (Apple iPod, Apple iPhone, Sony PSP, Creative Zen, Smartphone, PocketPC and more) It offers a multitude of different video types it can create, allowing it to even create video files for non-listed or brand-new devices. 

DVD Catalyst 3 incorporates an extensive feature list, with many unique, handy and industry-first options to make your conversions as easy as possible, while providing you with the best possible quality. 

DVD Catalyst 3 uses the award-winning open source mplayer/mencoder projects for detection and conversion, which allows DVD Catalyst to convert just about anything to any format without the need of having codec’s installed on your computer. 

*Converts to all common video file formats, including AVC, H264, MP4, DIVX, XVID, WMV, 3GP, MPEG * Includes an ever expanding list of conversion profiles for all the popular devices on the market, including Pocket PC, Smartphone, XBOX 360, Playstation3, PSP, iPod Nano, iPod Classic, iPod Touch, iPhone, AppleTV, Archos, Zen. If your device is not listed, you can try using a profile from a similar device, or modify the settings according to its specifications. 

Looks like a winner to me. First seen on Lifehacker.